Business Daily from THE HINDU group of publications
Wednesday, December 20, 2006
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Commodities (Dec 19)
Gold (per gram) Rs844
Silver (per gram) Rs20.40
Brent crude (per bbl) Rs2,784
Markets (Dec 19)
BSE Sensex13382.01 (-349.08)
S&P CNX Nifty3832 (-96.75)
US Dollar (Buy/Sell)44.80 (+0.05)

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Honda Motor to launch small car in India
Construction of second plant on the anvil More

Sensex slips 349 on FII panic selling
Currency controls slapped on overseas investors by the Central Bank of Thailand pulled down Asian equity markets including India with the BSE Sensex falling by 349.08 points or 2.54 per cent to 13,382.01. However, the Central Bank of Thailand ... More

Transfer pricing adjustments: Income-tax notice to IT cos
In a move that could have far-reaching implications on setting up new offshore units in India, the Income-Tax Department here has started issuing orders to IT and ITES captive companies relating to transfer pricing norms leading to revenue ... More

Delhi airport co offers one-time lump sum joining bonus to AAI staff
More

Overheating of economy more imaginary: Review
Finance Ministry's views in variance with RBI's More

Asset prices pose dilemma
Stock indices have multiplied more than fivefold in the last three to four years. Real estate and property prices have also escalated as much. Yet inflation has behaved. More

ITC to open 54 Choupal Fresh outlets in 3 years
ITC Ltd on Tuesday said that it planned to expand its fruits and vegetable retail and wholesale business — Choupal Fresh — by opening 54 new outlets over the next three years. "We will set up 54 Choupal Fresh outlets in the coming ... More

Public sector banks losing market share to pvt peers
Share of deposits drops to 74 pc in 5 years More

Uniform norms proposed for nomination exploration blocks
DGH frames guidelines for ONGC, Oil India More

Hutch suitors face several, different hurdles
Each of the suitors that has lined up to buy into or buy out GSM operator Hutchison-Essar has its own distinctive hurdle to overcome. For a suitor who is an existing telecom player, such as Reliance Communications or Bharti Airtel, it would ... More

Sutherland Global plans to add 7,000 globally
Half the new hiring will be in India More

Rediff India buys stake in Tachyon
Quillpad tech adopted in e-mail, messenger service More

Pudumjee betting on price hike
Though Pudumjee Pulp slid six per cent on Tuesday, the stock still remains a gainer in term of last one week's and month's price performance at 18 per cent and 40 per cent respectively. According to market sources, the recent interests in the ... More

FII interest seen in Eastern Silk
Eastern Silk Industries is seeing sudden surge in FII interest. This month so far Morgan Stanley Dean Witter, Fidelity Funds (Mauritius) and Goldman Sachs have picked up significant amount of shares from the market. The market purchases also ... More

Easterly wave set to break dry spell in TN
The Southern peninsula will receive scattered rainfall over the next 2-3 days from an approaching easterly wave bearing the signature of storms rolling down the western Pacific over the past few days. Rain/thundershowers are likely at a few ... More


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